Prysmian invests $250m in optical cable and fibre

Prysmian Group, a player in the energy and telecom cable systems industry, has inaugurated its new optical cable plant in Slatina, Romania. The new Slatina plant is part of a 3-year, €250 million investment plan aimed at improving the Group’s production capacity and capabilities worldwide, to meet the growing demand for optical cables for the deployment of new high-speed telecommunications networks.

“As a worldwide leading player in the industry, we are strongly committed to supporting Governments and Telecom operators in developing new broadband networks by continuing to invest in optical fibre and cable capacity, as well as in new technologies and know-how,” said Philippe Vanhille, Senior Vice President Telecom Business at Prysmian Group. “The digital transformation goes through the development of new broadband and ultra-broadband fibre optic telecommunication networks and only the fibre can provide the necessary speed and reliability. These strategic infrastructures must be based on a high quality and designed to provide high performance over time so as to be ready for the services of the future like 5G, smart cities, smart transportation, and smart homes.”

“Operational excellence is key to confirm competitiveness particularly in dynamic and complex markets like those of optical fibre and cables,” added Andrea Pirondini, COO Prysmian Group. “These investments involve existing optical fibre and cable facilities in Italy, France, the Netherlands, North and South America, together with new plants like those in Slatina, Romania, Presov, Slovak Republic, and Durango, Mexico.”